VTEX (NYSE:VTEX) Stock Rating Raised to Strong-Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded VTEX from “buy” to “strong-buy,” although the broader analyst consensus remains “hold,” with three buy ratings and six hold ratings and an average price target of $4.69.
• VTEX opened at $3.65 and recently reported quarterly EPS of $0.06, exceeding the $0.05 consensus estimate, while revenue of $64.39 million fell slightly short of expectations.
• Insiders sold 78,074 shares worth approximately $314,764 during the last quarter, while institutional and hedge-fund investors own a substantial 63.69% of the company.

VTEX (NYSE:VTEX - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

VTEX has been the topic of a number of other research reports. Jefferies Financial Group restated a "buy" rating and set a $5.10 target price on shares of VTEX in a research note on Thursday, August 27th. Weiss Ratings downgraded shares of VTEX from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, July 31st. Itau BBA Securities reiterated a "market perform" rating and issued a $4.50 price target on shares of VTEX in a research report on Tuesday, August 25th. Bradesco Corretora cut shares of VTEX to a "neutral" rating and set a $4.50 price objective for the company. in a research note on Friday, August 7th. Finally, Morgan Stanley set a $4.00 price objective on shares of VTEX and gave the company an "equal weight" rating in a research report on Friday, August 28th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $4.69.

VTEX Stock Performance

NYSE:VTEX opened at $3.65 on Friday. The stock has a 50-day simple moving average of $3.79 and a two-hundred day simple moving average of $3.84. VTEX has a 52-week low of $2.84 and a 52-week high of $4.62. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91. The firm has a market capitalization of $623.14 million, a PE ratio of 22.85, a P/E/G ratio of 0.46 and a beta of 0.94.

VTEX (NYSE:VTEX - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The firm had revenue of $64.39 million for the quarter, compared to analysts' expectations of $64.69 million. VTEX had a return on equity of 12.98% and a net margin of 11.98%. Analysts forecast that VTEX will post 0.21 EPS for the current year.

Insider Activity

In related news, insider André Spolidoro sold 15,000 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $4.04, for a total transaction of $60,600.00. Following the completion of the sale, the insider owned 301,431 shares in the company, valued at approximately $1,217,781.24. This trade represents a 4.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alejandro Scannapieco sold 11,994 shares of VTEX stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $3.67, for a total value of $44,017.98. The disclosure for this sale is available in the SEC filing. Insiders have sold 78,074 shares of company stock valued at $314,764 in the last quarter. 40.93% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On VTEX

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in shares of VTEX by 56.0% in the first quarter. Bank of America Corp DE now owns 683,062 shares of the company's stock worth $2,732,000 after buying an additional 245,306 shares in the last quarter. Banco BTG Pactual S.A. grew its stake in VTEX by 29.9% during the fourth quarter. Banco BTG Pactual S.A. now owns 604,100 shares of the company's stock valued at $2,271,000 after acquiring an additional 139,100 shares in the last quarter. Hsbc Holdings PLC purchased a new position in VTEX during the first quarter valued at $2,302,000. Principal Financial Group Inc. grew its stake in VTEX by 32.2% during the first quarter. Principal Financial Group Inc. now owns 330,139 shares of the company's stock valued at $1,321,000 after acquiring an additional 80,460 shares in the last quarter. Finally, Globeflex Capital L P bought a new stake in VTEX in the 2nd quarter valued at $1,144,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

VTEX Company Profile

VTEX is a global cloud commerce company that provides software for businesses to create, manage and expand digital commerce operations. Its platform supports online stores, marketplaces and unified commerce initiatives, helping companies connect digital and physical sales channels.

VTEX's product offering includes commerce management, order management, marketplace capabilities, customer and seller tools, payments integrations, promotions, search and merchandising, and content management.

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